ANSYS’s (ANSS) Neutral Rating Reiterated at Wedbush
ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “neutral” rating restated by equities researchers at Wedbush in a research note issued to investors on Friday. They currently have a $129.19 price target on the software maker’s stock, up from their prior price target of $114.00. Wedbush’s price target points to a potential upside of 6.05% from the company’s previous close.
Other equities research analysts have also issued reports about the company. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Robert W. Baird set a $130.00 target price on ANSYS and gave the stock a “buy” rating in a research report on Monday, August 28th. Evercore ISI reaffirmed a “hold” rating and set a $113.00 target price on shares of ANSYS in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $118.00 target price on shares of ANSYS in a research report on Monday. Finally, Berenberg Bank started coverage on ANSYS in a research report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS has a consensus rating of “Hold” and an average target price of $115.22.
ANSYS (NASDAQ:ANSS) traded down 5.68% during mid-day trading on Friday, hitting $121.82. The company had a trading volume of 1,769,615 shares. ANSYS has a one year low of $82.28 and a one year high of $132.07. The company’s 50 day moving average price is $127.26 and its 200-day moving average price is $118.97. The company has a market cap of $10.33 billion, a PE ratio of 39.15 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. ANSYS’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that ANSYS will post $3.86 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. 1st Global Advisors Inc. raised its position in ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after buying an additional 18 shares during the period. Gofen & Glossberg LLC IL raised its position in ANSYS by 1.6% during the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock valued at $271,000 after buying an additional 40 shares during the period. Pacer Advisors Inc. raised its position in ANSYS by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the period. Finally, Advisors Asset Management Inc. raised its position in ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after buying an additional 77 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.